India and Japan decided on Wednesday to look at the possibility of setting up a Japanese Electronics Manufacturing Township (JEMT) here.
The township will help India reduce imports of electronic goods and contain trade deficit. Last year, India imported electronic goods worth $32 billion.
"Both sides have noted the idea to establish a JEMT with Japanese assistance in India with world-class infrastructure and agreed to take this up in the forthcoming (meeting of the) joint working group," a joint statement said.
The statement was issued after the meeting of commerce minister Anand Sharma and Japanese minister of economy, trade and industry Toshimitsu Motegi.
"A Japan help desk has been set-up in the department of electronics and information technology to facilitate Japanese companies in investing in electronics sector in India and steps have been taken to form a joint working group,” it said.